The publisher, Jann Wenner, said he will not take disciplinary action against editors or fact-checkers who produced the controversial "A Rape on Campus" story published last year, according to CNN.

"No one will be dismissed or suspended as a result of the error-filled story," CNN reported, citing unnamed sources with direct knowledge of the case.

Wenner concluded that the mistakes made in the story were unintentional and not purposefully deceitful, CNN reported.

The decision follows an in-depth review of the magazine's practices by Columbia University.

"Columbia's review finds 'systemic failure' on the part of Rolling Stone," the report added.

Rolling Stone

On March 23, investigators probing allegations of gang rape on the college campus detailed in the Rolling Stone article said they had found no evidence to support the explosive claims.

Rolling Stone had all but retracted its story in December, saying it was wrong to have trusted the alleged victim's version of what happened in September 2012 at the University of Virginia's Phi Kappa Psi frat house.

Published on November 19, the story prompted student protests and the suspension of fraternities at the college and rekindled a national debate about sexual violence on US campuses.

Police in Charlottesville, Virginia said last month that the purported victim, whom Rolling Stone called "Jackie," had met several times with investigators, but failed to discuss the alleged gang rape.

That said, the city's police chief Timothy Longo stated that the case would be suspended, not closed, leaving the door open to more investigation in response to any fresh evidence.